EV

Don Walker, CEO of auto parts manufacturer Magna International, takes issue with all the projections for a rapidly evolving electric car world over the next decade. Some forecast that EVs could grow to as much as 25% of the global market by 2025. He warned that the number will be dramatically lower. EVs, he predicted, […]

A review of trends in the electric vehicle market from the International Monetary Fund found that, in the four years ending in 2015, the pace of growth in EV sales was 120%. Using the transition in the 20th century from horse-drawn carriages to fuel-powered vehicles as a benchmark to measure progress, the report found that […]

1,600 new coal plants are planned or under construction in 62 countries, 700 of these in China. These new plants would expand the world’s coal-fired power capacity by 43%. The New York Times commented: “The frenzied addition of coal plants underscores how the world is set to remain dependent on coal for decades,” Chinese companies are […]

World crude oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, according to Royal Dutch Shell’s CEO. Yet crude oil will still be needed for decades to come as it is likely to remain the main transportation fuel for planes, ships and heavy trucks. US crude […]

The US Energy Information Administration expects the US to become a net exporter of natural gas in 2017 for the first time since 1958. The prediction is based on declining pipeline imports from Canada, increased pipeline exports to Mexico, and greater liquefied natural gas (LNG) exports to Asia and Europe. By 2026, the EIA […]

Research firm MarketLine projects that Europe will overtake the US as the second largest market for electric car sales by 2021. China is the world’s largest market for EVs. The firm says The Paris Climate Change agreement has been a big motivator for the adoption of electric and hybrid cars in Europe. This has resulted in […]

Britain announced it will ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health. This follows a similar recent announcement by France. The British ban will also include new hybrid vehicles with an electric motor and gasoline or diesel […]

“Currently, there seems to no plan to end the oil glut in sight. The glut seems likely to continue into next year unless a geopolitical upheaval in Venezuela or the Middle East brings about large, unplanned production cuts.” (Energy analyst, Tom Whipple) As of this month, the total US shale basin is producing a record […]